(Bloomberg) – For years, investors talked about Apple Inc. As a potential safety port in times of turmoil in the market. This was not removed this time.
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The iPhone maker fell in the last sessions, where the weak performance of the year expanded to the date of an increasing number of risks that overwhelm its traditional high -quality characteristics.
While Apple provides a steady growth in profits and sits on a mountain of money, the opposite winds are an arduous list of potential bull The growth of the slowdown revenue, indicating that the Haven issue is difficult to make for Apple names and other big names.
“People like to stand in Apple, but now the arrow is very expensive, not only slow growth, but the stimuli of growth is absent,” said Tim Graceki, the chief portfolio strategy in Ingalls & Snyder. “Artificial intelligence does not seem to do a lot for it, and the environment is very unconfirmed, and it is at risk of definitions and China. Although it is not controversial like Tesla, it looks like just water, and some time has passed since we have seen anything really innovative of it.”
The shares have decreased by 14 % this year, and came out of the largest three -day decrease since November 2022, a sale that has transferred shares to the slightest closure of it since September. The stock fell by an additional 0.8 % on Thursday.
The NASDAQ 100 index decreased by 7 % in 2025, and Apple is responsible for nearly five of this decrease, according to the data collected by Bloomberg. The CBOE Apple Vix, which tracks the market estimate of the future fluctuations of the share, increased by 56 % of the lowest level in February.
Modern fluctuations reflect the high geopolitical risk, especially with regard to tariffs. president Donald Trump recently doubled the fees against China to 20 %, a potential development for Apple, which is the country as a major center for manufacturing and a main market; It received about 17 % of its financial revenues 2024 from the Great China region, according to the data collected by Bloomberg.
Anurag Rana, Bloomberg Intelligence analyst, is calculated that Apple faces a 100-150 basis point on the margins of operation and 3-2 % of growth in sales if the additional fees carry the full fiscal year.
Investors hope to obtain an Apple exemption, as it did during the first period of Trump, and recently announced the local spending plans that were considered a way for Carrie.
Avoiding the customs tariff may lead to removal of the shares, but it will not represent a lot of stimulus otherwise at a time when investors are keen to see more powerful growth.
Revenue has decreased in five of the past nine quarters, and while analysts expect 4.7 % growth in 2025, this is less than half a pace of 11.8 % expected for the total technological sector, according to Bloomberg Intelligence. This is despite the Apple trading at 28 times of the estimated profits, which is much higher than an average of 10 years, in addition to each other wonderful shares except Tesla Inc.
“There is a lot of uncertainty from the definitions, and he doubts that it can grow enough to overcome all of the risks such as an obstacle,” said Scott Yoshak, the administrative director of the stock strategy in consulting services. “This is not the stock that I will reduce first, because its public budget is stable and there are other expensive shares as companies are not solid, but I wrestle with them.”
Yuschak is not alone. Less than two -thirds of the analysts followed by Bloomberg recommends buying stocks, making the Apple the least wonderful arrows 7 exquisite outside Tesla.
Investors were optimistic that the iPhone 16, the first to be compatible with the features of artificial intelligence, will tempt consumers to trade the latest model. However, the request has been eliminated so far, and in the latest example of its struggles with advanced technology, it delays indefinitely the release of the Siri Digital assistant that has been recruited.
In possible positive, Apple will use Alibaba technology to bring AI features to Apple products in China. Last week, Alibaba said that the latest model of artificial intelligence has a performance that can be compared to Deepseek despite the request of a small part of the data.
Ed Kfansscu, CEO of Apple Consulting, indicated that Apple avoids this type of heavy spending on other major technology companies that are subject to increased scrutiny.
He said: “This is not your play if you are looking for an arrow that will make it three times, but if the economy is cool, it is likely that it is a safe haven given the quality and stability of its public profits and budget, and its contracts from showing that it can be burned in the face of the changing conditions.” “There are a lot of earth mines on the way forward, and Apple is in a better position to move more than other names in technology.”
Technical scheme for today
The shares of Intel Corp jumped by 14 % on Thursday after the chips maker called Lip-Bu Tan as its executive head. Tan notes that he will adhere to his predecessor’s plan to make chips for other companies, even when he undertakes to learn from previous mistakes.
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Thursday’s profits
-With the help of Subrat Patnaik.
(Updates to the open market.)
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